/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
NEWSWIRE SERVICES/
TORONTO, June 20,
2023 /CNW/ - Seven Oaks Capital Corp. (the
"Corporation") (TSXV: SEVN.P) announces that it is
contemplating a non-brokered private placement of up to 2,000,000
shares at a price of $0.10 per share
for total proceeds up to $200,000.
The proceeds of the private placement will be used for costs
associated with locating a target for a qualifying transaction and
for working capital purposes. The Corporation expects the private
placement to close by the end of June, 2023.
The private placement is subject to the final acceptance of the
TSX Venture Exchange (the "Exchange"). All shares issued are
subject to a 4 month hold from the date of their issuance.
About Seven Oaks Capital
Corp.
Seven Oaks is a capital pool company created pursuant to the
policies of the Exchange. It does not own any assets, other than
cash or cash equivalents. The principal business of Seven Oaks is
to identify and evaluate opportunities for the acquisition of an
interest in assets or businesses and, once identified and
evaluated, to negotiate an acquisition or participation subject to
acceptance by the Exchange so as to complete a Qualifying
Transaction in accordance with the policies of the Exchange.
Forward-Looking
Statements
Investors are cautioned that trading in the securities of a
capital pool company should be considered highly speculative.
Certain statements in this news release constitute "forward-looking
information" and "forward-looking statements" under applicable
securities legislation, including with respect to the closing of
the private placement. All information contained herein that is not
historical in nature may constitute forward-looking information.
Forward-looking information is based upon a number of estimates and
assumptions that, while considered reasonable, are subject to known
and unknown risks, uncertainties, and other factors which may cause
the actual results and future events to differ materially from
those expressed or implied herein. There can be no assurance that
such statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such statements. Accordingly, readers of this news release should
not place undue reliance on forward-looking information. The
Corporation disclaims any intention or obligation to update or
revise any forward-looking information, whether as a result of new
information, future events or otherwise, except as required by
law.
Neither the Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
SOURCE Seven Oaks Capital Corp